China Minsheng (OTCMKTS:CMAKY) Reaches New 12-Month Low – Time to Sell?

China Minsheng (OTCMKTS:CMAKY)’s stock price reached a new 52-week low during trading on Thursday. The company traded as low as $3.78 and last traded at $3.78, with a volume of 2,116 shares trading hands. The stock had previously closed at $3.79.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of China Minsheng from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

China Minsheng Price Performance

The company’s fifty day simple moving average is $4.25 and its two-hundred day simple moving average is $4.47. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 4.91 and a beta of 0.28.

China Minsheng (OTCMKTS:CMAKY) last announced its earnings results on Friday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.67 billion. China Minsheng had a return on equity of 3.89% and a net margin of 9.96%. On average, analysts forecast that China Minsheng will post 0.97 earnings per share for the current year.

About China Minsheng

China Minsheng Banking Corp., Ltd. is a commercial bank headquartered in Beijing, China. Established in 1996, it was founded primarily with non-state capital and became one of China’s first national commercial banks of this kind. The bank provides financial services to individuals, businesses and institutions, including deposits, loans, payment and settlement services, wealth management, trade finance and bank-card services. It also offers corporate banking and financing solutions for companies, including small and midsized businesses.